Ultimate Analysis on NIFTY Future (27th May, 2011)

Today Nifty opened at 5381 with a gain of 32 points, moved in the range 5356 – 5407 till 14:50, surge there after lifted Nifty 58 points and closed at 5412 with a gain of 63 points. Except for the last half an hour, anticipated volatility due to F& O settlement was lacking. Nifty futures range was 5354 – 5414, having a difference of 60 points.

Positional Trend with Levels

(Updated on 20-5-2011)

Buying Zone 5370-5490

(This zone is trend changer which can lead to nifty up direction for positional, mean this support is able to move NIFTY 5578 above for shortly)

After the crossing 5600…NIFTY will enter into the bullish zone for targets 5755-5811 in 1-3 months only)

Just, Concentrate on Closing or Breaking…!

Breaking of this support is not dangerous for long term investor because support available for to move up for Nifty to move up… which is between 5240-5278!

Yes, Short term trade can take short position after breaking 5370 for targets 5300-5278…?

Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.